Question

What is meant by the term financial planning?

a Long-term goals are reached over an extended period of time, so your current income does not affect
them.
b. It is creating a road map of everything you do with your money.
c. It is hoping you will have enough money to pay all your bills on time.
d. If your income exceeds your expenses, you will be able to save money for the future.
Please select the best answer from the choices provided
B
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Matkathisandrum

Answer 1

a Long-term goals are reached over an extended period of time, so your current income does not affect

them.

Explanation:

Financial planning refers to long term goals that are planned and reached over an extended period of time to keep one solvent in cases of emergency without having a direct effect on current income.

Solvency simply means having more assets than liabilities to be able to stay afloat of one's debts.